Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
American International Group Inc., down $1.18 at $28.28
The government is selling off a chunk of its stake in the insurer, pricing 300 million shares at $29 apiece.
Martha Stewart Living Omnimedia Inc., up 90 cents at $4.67
The media and merchandising company hired Blackstone to review investment and partnership offers from other companies.
Zale Corp., up 81 cents at $5.23
The diamond retailer's loss shrank in the latest quarter, despite increasing costs, as it posted a double-digit revenue gain.
Collective Brands Inc., down $3.06 at $15.31
The Payless ShoeSource stores owner's quarterly profit fell by half due to shoppers' rising costs for food and gas.
Polo Ralph Lauren Corp., down $14.69 at $114.70
The clothing company said its international investments and rising costs will weigh on profit margins in the next fiscal year.
Hormel Foods Corp., down $1.43 at $28.59
The food company raised its 2011 outlook, but concerns about rising commodity prices hurting profit growth weighed on shares.
California Pizza Kitchen Inc., up $1.76 at $18.47
Private equity firm Golden Gate Capital is buying the restaurant chain for about $470 million, or $18.50 per share.
Express Inc., down $2.75 at $20.12
A disappointing second-quarter forecast raised fears that the clothing chain's recent sales momentum is slowing.